Question
Using weighted-average Total cost to account for in a process is $100,000, evenly divided between materials and conversion. Conversion consists of 75,000 equivalent units, divided
Using weighted-average
Total cost to account for in a process is $100,000, evenly divided between materials and conversion. Conversion consists of 75,000 equivalent units, divided one-fourth to work in process and three-fourths to completed units.
Use this information to determine the conversion cost that will remain in the ending balance of the Work in Process.
Please post equation so I can understand how this is done
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Management Accounting Text Problems And Cases
Authors: M Y Khan, P K Jain
6th Edition
125902668X, 978-1259026683
